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To: gattaca

The power this could give the govt over citizens is frightening.


2 posted on 06/24/2021 10:21:56 AM PDT by gattaca ("Government's first duty is to protect the people, not run their lives." Ronald Reagan)
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To: gattaca
The power this could give the govt over citizens is frightening.

Legal tender would be digitized. The implications are tremendous. Although, the emergence of a parallel black market exchange system might be encouraged if this is pushed too hard.

5 posted on 06/24/2021 10:26:22 AM PDT by Pearls Before Swine
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To: gattaca
Oh boy!

"Central banks around the world are actively analyzing the costs and benefits of creating central bank digital currencies, or CBDCs".

8 posted on 06/24/2021 10:27:18 AM PDT by Tommy Revolts
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To: gattaca

“The power this could give the govt over citizens is frightening.”

“...the covid-19 pandemic had “accelerated the migration to digital payments” among U.S. households...”

What a coinkydink.


21 posted on 06/24/2021 10:56:33 AM PDT by polymuser (A socialist is a communist without the power to take everything from their citizens...yet.d)
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To: gattaca

There was never any way that govts wouldn’t take over digital currency, it’s been obvious for some time.


28 posted on 06/24/2021 11:57:11 AM PDT by SaxxonWoods ( comment might be sarcasm, or not. It depends. Often I'm not sure either.)
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